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India's Exports To US Rise 16.9% To $8.83 Billion, Imports Dip 5.76% In May
India's merchandise exports to the US rose by 16.93 per cent to USD 8.83 billion in May, while imports dipped by 5.76 per cent to USD 3.62 billion during the month, according to the commerce ministry data.
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India Helping Auto Industry Meet Chinese Officials On Rare Earth Export Ban: Sources
The Prime Minister's Office and the Indian embassy in China are helping Indian auto companies to hold a meeting with the Chinese commerce ministry in Beijing amid the neighbouring country's ban on export of rare earth magnets, sources said.
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India Panel to Review Copyright Law Amid Legal Challenges to OpenAI
India has set up a panel to review if existing copyright law is sufficient to tackle AI-related disputes. The memo, which is not public, said the commerce ministry set up a panel of eight experts last month to examine issues related to AI and their implications for India's copyright law.
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Centre To Provide Major Part Of Startup Fund To Sectors Like New Age Tech, AI
The commerce and industry ministry will allocate a major part of the second Rs 10,000 crore Fund of Funds Scheme (FFS) For startups to budding entrepreneurs in sectors such as new-age technology, AI, and machine building, an official said.
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US Tariffs Will "Inflict Serious Harm" On Developing Countries: China To WTO
China's Commerce Minister Wang Wentao told the head of the World Trade Organization that US tariffs will "inflict serious harm" on poor nations, according to a ministry statement released Saturday.
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China Approaches World Trade Organization Over Latest US Tariffs
China has filed a complaint with the World Trade Organization over bruising tariffs imposed by Washington, Beijing's commerce ministry announced Wednesday, accusing US President Donald Trump of engaging in "bullying" tactics.
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Startup India Desk To Serve As Helpline For Budding Entrepreneurs: Piyush Goyal
Commerce and Industry Minister Piyush Goyal announced the setting up of a dedicated Startup India desk within the ministry to serve as a helpline.
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"Mixed Bag, Not Setback": Centre Analysing Impact Of Trump Tariffs
The commerce ministry is analysing the impact of 26 per cent reciprocal tariffs or import duties imposed by the US on India, a senior government official said on Thursday.
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Goli Soda Rebranded, Bubbling To Success In US, UK Gulf Countries: Centre
India's traditional beverage Goli Soda, rebranded as Goli Pop Soda, is registering strong consumer response in the global market, including the US, UK, Europe and the Gulf, according to the Ministry of Commerce & Industry.
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Centre Forms Panel For Consistent Data Publication Amid Gold Import Data Error
The government on Thursday formed a committee, comprising officials from commerce and finance ministries, to create a robust mechanism for publishing consistent and accurate data following errors in gold import figures.
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Government To Spend Rs 15.27 Lakh Crore For Major Sectors: Union Budget
The government has allocated Rs 15.27 lakh crore for 10 major sectors, ranging from defence and rural development to social welfare and commerce, Finance Ministry data said Tuesday afternoon.
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India's 8 Core Industries Post 6.3% Growth In May
The eight core industries that include sectors such as coal, cement, steel and electricity posted a 6.3 per cent growth in May this year compared to the same month of the previous year, according to data released by the Commerce and Industry Ministry
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India Registers Record $778 Billion Export In 2023-24: Report
India registered record exports in the just concluded financial year 2023-24 at USD 778 billion, sources in the commerce ministry said. In 2022-23, the country exported goods and services combined at USD 776.3 billion.
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India, Ghana Agree To Operationalise UPI Link Within 6 Months
India and Ghana have agreed to operationalise Unified Payment Interface (UPI) with Ghana Interbank Payment and Settlement Systems within six months in order to enable instant fund transfers for users in both countries, the Commerce Ministry said.
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China Offering Rs 1.15 Lakh To Drivers Who Trade Old Car For New Model
Drivers in China who trade in an old car for a newer model are eligible for a subsidy of up to 10,000 yuan ($1,380 or Rs 1,15,096), the commerce ministry has announced.
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India's Exports To US Rise 16.9% To $8.83 Billion, Imports Dip 5.76% In May
India's merchandise exports to the US rose by 16.93 per cent to USD 8.83 billion in May, while imports dipped by 5.76 per cent to USD 3.62 billion during the month, according to the commerce ministry data.
-
India Helping Auto Industry Meet Chinese Officials On Rare Earth Export Ban: Sources
The Prime Minister's Office and the Indian embassy in China are helping Indian auto companies to hold a meeting with the Chinese commerce ministry in Beijing amid the neighbouring country's ban on export of rare earth magnets, sources said.
-
India Panel to Review Copyright Law Amid Legal Challenges to OpenAI
India has set up a panel to review if existing copyright law is sufficient to tackle AI-related disputes. The memo, which is not public, said the commerce ministry set up a panel of eight experts last month to examine issues related to AI and their implications for India's copyright law.
-
Centre To Provide Major Part Of Startup Fund To Sectors Like New Age Tech, AI
The commerce and industry ministry will allocate a major part of the second Rs 10,000 crore Fund of Funds Scheme (FFS) For startups to budding entrepreneurs in sectors such as new-age technology, AI, and machine building, an official said.
-
US Tariffs Will "Inflict Serious Harm" On Developing Countries: China To WTO
China's Commerce Minister Wang Wentao told the head of the World Trade Organization that US tariffs will "inflict serious harm" on poor nations, according to a ministry statement released Saturday.
-
China Approaches World Trade Organization Over Latest US Tariffs
China has filed a complaint with the World Trade Organization over bruising tariffs imposed by Washington, Beijing's commerce ministry announced Wednesday, accusing US President Donald Trump of engaging in "bullying" tactics.
-
Startup India Desk To Serve As Helpline For Budding Entrepreneurs: Piyush Goyal
Commerce and Industry Minister Piyush Goyal announced the setting up of a dedicated Startup India desk within the ministry to serve as a helpline.
-
"Mixed Bag, Not Setback": Centre Analysing Impact Of Trump Tariffs
The commerce ministry is analysing the impact of 26 per cent reciprocal tariffs or import duties imposed by the US on India, a senior government official said on Thursday.
-
Goli Soda Rebranded, Bubbling To Success In US, UK Gulf Countries: Centre
India's traditional beverage Goli Soda, rebranded as Goli Pop Soda, is registering strong consumer response in the global market, including the US, UK, Europe and the Gulf, according to the Ministry of Commerce & Industry.
-
Centre Forms Panel For Consistent Data Publication Amid Gold Import Data Error
The government on Thursday formed a committee, comprising officials from commerce and finance ministries, to create a robust mechanism for publishing consistent and accurate data following errors in gold import figures.
-
Government To Spend Rs 15.27 Lakh Crore For Major Sectors: Union Budget
The government has allocated Rs 15.27 lakh crore for 10 major sectors, ranging from defence and rural development to social welfare and commerce, Finance Ministry data said Tuesday afternoon.
-
India's 8 Core Industries Post 6.3% Growth In May
The eight core industries that include sectors such as coal, cement, steel and electricity posted a 6.3 per cent growth in May this year compared to the same month of the previous year, according to data released by the Commerce and Industry Ministry
-
India Registers Record $778 Billion Export In 2023-24: Report
India registered record exports in the just concluded financial year 2023-24 at USD 778 billion, sources in the commerce ministry said. In 2022-23, the country exported goods and services combined at USD 776.3 billion.
-
India, Ghana Agree To Operationalise UPI Link Within 6 Months
India and Ghana have agreed to operationalise Unified Payment Interface (UPI) with Ghana Interbank Payment and Settlement Systems within six months in order to enable instant fund transfers for users in both countries, the Commerce Ministry said.
-
China Offering Rs 1.15 Lakh To Drivers Who Trade Old Car For New Model
Drivers in China who trade in an old car for a newer model are eligible for a subsidy of up to 10,000 yuan ($1,380 or Rs 1,15,096), the commerce ministry has announced.
